GoGold Announces Q2 2026 Parral Production
Rhea-AI Summary
GoGold (OTCQX: GLGDF) reported Q2 (ended Mar 31, 2026) Parral production of 230,680 oz silver, 2,549 oz gold, 84 t copper and 93 t zinc, totaling 394,605 silver equivalent ounces (SEO).
The company said cash increased by approximately $16M to $261M USD, and management noted that an initial Los Ricos South capex of $227M is covered by the current cash balance and ongoing Parral cash flows; remaining Parral mine life is stated as 4–5 years.
AI-generated analysis. Not financial advice.
Positive
- Cash balance increased by ~$16M to $261M
- Cash position $261M exceeds initial Los Ricos South capex of $227M
- Silver production rose 13% quarter-over-quarter to 230,680 oz
- Debt-free balance sheet maintained, supporting planned mine build
Negative
- Silver equivalent production fell to 394,605 SEO (-13.5% QoQ)
- Gold production declined 13% QoQ to 2,549 oz
- Zinc production dropped to 93 tonnes, a >10% decrease QoQ
News Market Reaction – GLGDF
On the day this news was published, GLGDF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Halifax, Nova Scotia--(Newsfile Corp. - April 15, 2026) - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to report production for its second quarter ending March 31, 2026 of 230,680 silver ounces, 2,549 gold ounces, 84 tonnes of copper, and 93 tonnes of zinc, for a total of 394,605 silver equivalent ounces ("SEO").
"The Parral tailings mine had another excellent quarter for the company, generating substantial cash flows, with our cash balance increasing by approximately
Table 1: Quarterly Production Summary
| Quarter Ended | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
| Silver Production (oz) | 226,343 | 210,289 | 201,616 | 212,854 | 205,104 | 230,680 |
| Gold Production (oz) | 3,213 | 3,279 | 3,100 | 2,697 | 2,914 | 2,549 |
| Copper Production (tonnes) | 121 | 117 | 128 | 110 | 96 | 84 |
| Zinc Production (tonnes) | 161 | 157 | 140 | 150 | 150 | 93 |
| Silver Equivalent Production (oz)1 | 551,337 | 555,479 | 555,500 | 487,876 | 456,179 | 394,605 |
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Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release related to Parral.
About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.
For further information please contact:
Steve Low, Corporate Development
GoGold Resources Inc.
T: 416 855 0435
Email : steve@gogoldresources.com
Or visit : www.gogoldresources.com
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.
This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings mine, the Los Ricos projects, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral tailings mine. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with the GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292640